Calavo Growers: Awaiting Fourth Quarter and Full-Year 2024 Financial Results

Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, has announced the release date for its fourth quarter and full-year 2024 financial results. The company plans to release these results after the market closes on Tuesday, January 14, 2025, and will file its Form 10-K for the 2024 fiscal year at the same time.

As an "accelerated filer," Calavo Growers is allowed up to 75 days following its fiscal year-end to file a Form 10-K. The company's fiscal year-end is October 31, 2024, which means the Form 10-K is due by December 14, 2024. However, Calavo Growers has chosen to release its financial results and file its Form 10-K earlier than required, demonstrating its commitment to transparency and timely disclosure.

Calavo Growers' financial performance in recent quarters has been mixed. In 2023, the company's revenue decreased by 31.39% to $666.84M, but earnings per share (EPS) improved to $1.37 from a loss of $0.47 in the previous year. This turnaround in EPS can be attributed to cost-cutting measures and improved operational efficiency. Additionally, Calavo Growers' focus on sustainable practices and innovation has positioned it well in the growing market for fresh, healthy produce.



Analysts' ratings and price targets for Calavo Growers' stock have fluctuated over time. In March 2023, Ben Klieve of Lake Street had a "Strong Buy" rating with a price target of $50, indicating a 43.29% upside. However, by September 2023, he lowered the price target to $38, predicting a 69.68% increase. Ben Bienvenu of Stephens & Co. maintained a "Hold" rating throughout 2023, with price targets ranging from $32 to $39. As of January 17, 2024, the consensus rating is "Hold," with a price target of $32, predicting a 20.66% increase from the current stock price of $26.52.



As Calavo Growers prepares to release its fourth quarter and full-year 2024 financial results, investors will be closely watching the company's performance. The company's revenue growth, earnings per share, and stock performance will be key indicators of its financial health and future prospects. With its strong brand and diverse product offerings, Calavo Growers is well-positioned to continue its growth trajectory in the global avocado market and beyond.